RE: Should get some sort of bounce from here eventually26 Jun 2023 17:36
Dark what do you mean?
I’m in accumulation mode at the min building a position, maybe try asking me a few month after the central banks have started cutting rates
I didn’t think it would go below £1 tho but knew there was a chance it could go into the 90s
I’m still expecting some sort of bounce soon tho
See if reclaims 98 and holds it tomorrow (should start to bounce)
or it rejects it and goes to 93/94
The drops a little overdone imo tho
The thing is tho this is cyclical so if the economy starts going to pot this will get hurt but it’s already dropped a lot, if it starts getting stupid what do you do? Sell because it’s going to zero?
Or accumulate and wait? I know what I’ll be doing
Especially if they keep hitting guidance etc